I’m glad i caught a good wind, but by the day that i exit, i thought the market didn’t look too good on the whole. lots of negativity, i might as well took profit here. All in all 4.5% a good trade which i was anticipating alot more.

As a side note, I got out of my MacArthurCook Position as well not making anything. It looks like a good decision on a friday. Still left CapitalRetailChina in there.

I have been seeing quite a fair bit of potential trades like this. Channel’s the size of 10%. This is the same for capitaland. However, it seems that the last time round it wasn’t able to breach its resistance at $4.14, but i am fancying that it will try again.

Entry at 3.74. MACD Histogram looks to turn up. Potentially this looks a good trade. But i am pulling out this trade as well as 2 other trades, in view of an upcoming correction. Might come back and bite me hard.

I first took notice of Epure when it was at 56. Observing its price pattern there does look to be a very good trade target. The profit target is 21% to 68 cents with a stop at 51.

This morning, it failed again to break out of new highs. The MACD histogram refuses to break on the up side. anticipating the upcoming possible correction, couple by the need to go on site, i took profit at 60 cts for a 5.25% gain. i only mad a possible of 20% out of the anticipated gain. it looks to me like a C trade. im still keeping a watch on this. it has the potential to be even higher.

Tough week of trading. The bears were expecting a correction. They got something then it went back up. So what now?

USD

We are always watching to see if there is a change in trend for the $USD. Sadly 78 dollars look like it will be tested. Being a singaporean, i would limit my US stocks trade if i can. The dollar is likely to resume its down trend momentum and from the MACD readings, if it does it will take it down probably to 76. SGD would likely to strengthen against it. Putting a successful trade might jeopardize my profits such that it will be insignificant for the effort put in.

EEM

EEM continues to stay strong on the stochastics and trend. In a bull run, i believe the stochastics can remain high at overbought for some time. I should not get thrown off by this, however, there seems to be a negative divergence on the MACD histogram. We continue to wait for the 50 EMA and 26 EMA to cut the 200 EMA from below. It is entirely possible that 36 will not hold and it really corrects to 32 next week. That may create a better platform for long term growth. A higher move up from here would create a trajectory that might need a hard correction in the near future.

SPY

Can’t shake off the image of the possible retest of the reverse head and shoulders bottom. It looks a continuous uptrend to me.

EWS

Ditto for the EWS

Intermediate Trend

SPY

SPY open with a huge gap down but slowly made up for it by the end of the week ending off with a 1.96% upsurge. MACD looks good to cross over to positive territory. Stochastic not overbought yet. I would watch for negative divergence on the the stochastics next week.

EEM

Same here. Room to move up from here.

EWS

EWS looks to have corrected well short term. look for strength here. we may have room to move up a fair bit.

Summary: Expect to be higher next week. looking to see if there are opportunities around.